Gold Hits Record High Amidst Wall Street Rush and Geopolitical Tensions
TL;DR Summary
Gold futures reached a record settlement for the third consecutive session, driven by weak U.S. economic data raising expectations of a Federal Reserve interest rate cut, leading to declines in the U.S. dollar and Treasury yields and increasing safe-haven investment interest in the precious metal.
- Gold scores another record finish. Here’s who isn’t buying. MarketWatch
- There’s a gold rush on Wall Street CNN
- Gold holds above $2,100 near record high, focus on Powell testimony CNBC
- Gold carried to record high on wave of momentum with focus on US rates Yahoo Finance
- Gold Climbs to Record on Mix of Fed Pivot and Geopolitical Risks Bloomberg
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